Mobile Voice Market Shrinking As Carriers Turn To 5G, AI: Study

The mobile voice market is presently on a decline and will continue shrinking over the next half a decade, with its revenue falling from $354 billion this year to $197 billion in 2023, according to the latest estimates from Juniper Research. With an average annual decline of some ten-percent, wireless carriers will lose about $157 billion in the next five years as Internet apps and services continue taking mobile voice customers, forcing them to innovate and diversify in order to maintain their performance levels, as per the same report. Over-the-top mobile and web apps such as Facebook's...Read more ...